Get a free sample of Gum Hydrocolloid Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Gum Hydrocolloid Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Gum Hydrocolloid Market Size
Gum Hydrocolloid Market in terms of transaction was valued at USD 11.5 billion in 2022 and is anticipated to register a CAGR of over 5.7% between 2023 and 2032.
The global trend towards convenience and processed foods has led to a higher demand for gum hydrocolloids as they are used as stabilizers, thickeners, and gelling agents in a wide range of food products, including sauces, dressings, and baked goods. Consumers are becoming more health-conscious and are looking for cleaner labels and healthier food products. Gum hydrocolloids can be used to reduce fat content, improve texture, and replace artificial additives, making them attractive for product reformulation.
The cost and availability of raw materials, such as guar gum and xanthan gum, can be subject to market fluctuations, which can affect the pricing and profitability of gum hydrocolloid products. Regulatory requirements for food and pharmaceutical products can be stringent and may require manufacturers to comply with specific standards and labeling requirements, which can pose challenges for market players.
Why is the gum hydrocolloid market growing from gelatin products?
Gum hydrocolloid industry size from the gelatin product type segment reached USD 3.3 billion in 2022 and is expected to witness robust CAGR from 2023-2032 due to its long history of usage in the food and beverage industry as a gelling agent, stabilizer, and thickening agent.
How big is gum hydrocolloid industry?
Market size for gum hydrocolloid was USD 11.5 billion in 2022 and is expected to reach USD 19.8 billion by 2032 due to the rising number of health-conscious actively looking for cleaner labels and healthier food products.
What factors are influencing gum hydrocolloid market growth in North America?
North America industry size for gum hydrocolloid reached USD 3.9 billion in 2022 and is expected to register commendable CAGR from 2023-2032 due to higher preference for products with clean labels and natural ingredients.
Who are the key gum hydrocolloid business players?
Nestl